PANews reported on October 22 that MegaETH, an Ethereum scaling solution developed by MegaLabs, announced on platform X that it will launch a public sale on the Sonar platform under Echo, with an initial Fully Diluted Valuation (FDV) of $1 million and a valuation cap set at $999 million. Users can bid through an English auction, with the highest bid reaching up to $186,282. If subscriptions exceed the amount, priority will be given to existing MegaETH community members, as well as investors who demonstrate long-term consistency through social activities, on-chain behavior, and locked preferences. The dual-peak distribution process ensures that tokens are widely distributed while also prioritizing key contributors. Core supporters of MegaETH will receive priority allocation, and at least 5,000 participants will receive a base allocation with a starting price of $2,650. 5% of the total MEGA tokens will be sold on October 27. The registration process for participation eligibility is now open.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Welcome to the era of cryptocurrency! Leading US stock broker IB Interactive Brokers now accepts Bitcoin and stablecoin deposits.
Interactive Brokers announces the launch of cryptocurrency deposit functionality, allowing users to directly transfer cryptocurrencies such as Bitcoin and Ethereum into their platform without selling. This move aims to reduce trading costs and improve asset allocation efficiency. Earlier this year, Interactive Brokers already introduced stablecoin deposit services and continues to expand the available stablecoin options.
ChainNewsAbmedia7m ago
Fenbushi Co-Founder Offers Bounty to Recover $42M Crypto Hack
Fenbushi Capital co-founder Bo Shen has initiated a bounty program to recover $42 million stolen in a 2022 hack, offering 10-20% rewards for contributions to recovery. Recent advances in blockchain analysis have improved investigative capabilities, with some funds already frozen.
GateNews19m ago
Google aims to complete its quantum transition by 2029, while the Bitcoin community's consensus remains unclear.
As quantum computing technology advances, Google aims to complete post-quantum cryptography migration by 2029 to address the threat of "Q-Day." Ethereum and Solana are actively responding by launching quantum-resistant technologies, while the Bitcoin community is divided, and their response measures are yet to be determined. 2029 will be a critical milestone in the post-quantum era.
ChainNewsAbmedia56m ago
Whale Liquidated for $125.7K on HyperLiquid ETH Long Position
Gate News bot message, A whale trader on HyperLiquid faced liquidation of $125.7K on a long position of 2,647 ETH valued at $5.59M. The whale had deposited 729K USDC and transferred an additional $500K from a second account over the past 3 days.
GateNews1h ago
Soter Insure partners with Galaxy Digital to launch ETH-denominated Ethereum staking confiscation and penalty insurance
Soter Insure and Galaxy Digital jointly launch an Ethereum-denominated confiscation insurance product, aimed at providing protection for Ethereum validators and institutional stakers. It addresses the shortcomings of traditional USD-denominated insurance during ETH price increases and eliminates the risk of currency mismatch.
GateNews1h ago
